Office Package Insurance Policy

Magma HDI General Insurance Company Limited
Regd. Office : 24 Park Street, Kolkata – 700 016

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OFFICE PACKAGE INSURANCE POLICY
CONTENTS
Preamble
General Definitions (Applicable to all sections)
Section 1-Fire & Allied Perils

(Coverage (What we cover)
(Exclusions (What we exclude)
(Excess/Deductible
(Conditions applicable to Section I.
Section 2—Burglary & Robbery

(Definitions
Section 3—Fire Loss of Profit

(Definitions
( Basis of Claim Settlement
( Conditions applicable to Section III.
Section 4-Money Insurance

(Definitions
(Exclusion (What we exclude)
Section 5- Plate Glass and Neon Signs/Glow Signs

(Exclusion (What we exclude)
Section 6-Electronic Equipment

(Definition
( Coverage (What we cover)
( Exclusion (What we exclude)
( Conditions applicable to Section VI.
Section 7- Breakdown of Business Equipment

(Definition
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( Conditions applicable to Section VII.
Section 8 -Personal Accident

(Definitions
(Table of Benefits
Section 9- Fidelity Guarantee

( Definition
( Conditions applicable to Section IX
Section 10- Public Liability

( Definition
( Conditions applicable to section X.
GENERAL CONDITIONS
GENERAL EXCLUSIONS
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OFFICE PACKAGE POLICY
Preamble
In consideration of Your having paid the premium for the policy period stated in the Schedule or
for any further period of insurance for which we may accept the payment for renewal of this
policy, We will indemnify You on the happening of any insured event, as mentioned under the
item “what we cover” under each section, to the extent of loss suffered but not exceeding the
sum insured and / or limit of liability for each of the sections stated in the schedule of the policy,
provided that all the terms, conditions and exceptions of this Policy, in so far as they relate to
anything to be done or complied with by You, have been met.
This policy is an evidence of the contract between you and Magma HDI General Insurance
Company Limited. The information furnished by you in the proposal form and the declaration
signed by you forms the basis of this contract.
The Policy, the Schedule and any Endorsement shall be read together and any word or
expression to which a specific meaning has been attached in any part of this Policy or of
Schedule shall bear such meaning wherever it may appear.
Definitions
1. You/Your : The person (s) named as Insured in the Schedule
2. We/Us/Our : Magma HDI General Insurance Company Limited
3. Proposal: The application form you sign for this insurance and/or any other information
you give to us or which is given to us on your behalf.
4. Policy: Policy wording, the Schedule, the Proposal form and Endorsement / Memoranda
if any.
5. Schedule: The document which describes you, the cover that applies the Period of
Insurance and other details of your policy.
6. Sum Insured: It means the amount stated in each section of the Schedule which shall be
our maximum liability under this Policy for any one claim or in the aggregate for all claims
under each section during the Policy period.
7. Period of Insurance: The time period for which the contract of insurance is valid as
shown in the Policy Schedule.
8. Excess/Deductible The amount stated in each section in the Schedule, which shall be
borne by you first in respect of each and every claim made under this Policy. Our liability
to make any payment under the Policy is in excess of the Excess/Deductible.
9. Valuables: Valuables means (a) gold or silver or any precious metals or articles made
from any precious metals (b) watches or Jewellery or precious stones or models or coins
or curios, sculptures, manuscripts, stamps, collection of stamps, rare books, medals,
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moulds, designs or any other collectibles (c) deeds, ATM cards, credit cards, bonds, bills
of exchange, bank notes, treasury or promissory notes, cheques, money, securities or
any other negotiable instrument.
10. Insured Premises: The place(s) named in the Schedule from which you operate your
business
11. Market Value:
This is the basis of Sum Insured for stocks under this policy. Market value for stocks
means the procurement value of stocks from the same or similar source at the time of
damage or Loss.
12. Reinstatement Value:
This is the basis of Sum insured for all assets other than stocks under this Policy.
Reinstatement Value represents the replacement value of the asset as New at time of
Damage or Loss.
13. Retroactive Date”: means the date specified in the Schedule and, if none is specified,
the commencement date specified for the Period of insurance
.
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COVERAGE
SECTION 1
Fire and Allied Perils - Building & Contents
WHAT WE COVER WHAT WE EXCLUDE
Loss or Damages directly caused to Building 1 Damage caused by pressure waves.

and its Contents by insured perils listed 2 Destruction or damage caused to the
hereunder and subject to its not being property by its own fermentation, natural
otherwise excluded. heating or spontaneous combustion or its
1. Fire undergoing heating or drying process
2. Lightning 3 Burning of property insured by order of any
3. Explosion / Implosion. Public Authority.
4 Explosion/implosion losses to boilers (other
4. Damage caused by an aircraft, other than domestic boilers), economizers or
aerial or space devices and articles other vessels, machinery or apparatus (in
dropped therefrom. which steam is generated) including their
5. Riot, Strike and Malicious Damage:- contents.
Visible physical Damage by external 5 Destruction or damage to property caused
violent means directly caused to the by centrifugal forces.
property insured. 6 Damages caused by
6. Strom, Cyclone, Typhoon, Tempest, a. Permanent or temporary dispossession
Hurricane, Tornado, Flood and of any building resulting from the
Inundation. unlawful occupation by any person of
7. Impact Damage by any rail/road vehicle such building or prevention of access to
or animal by direct contact. the same.
8. Subsidence and Landslide including b. Burglary, housebreaking, theft, larceny
Rockslide: Damage caused by or any other such attempt or any
subsidence of the part of site on which omission of any kind of any person
the insured property stands or (whether or not such act is committed in
landslide/rockslide. connection with the disturbance of
9. Bursting and overflowing of water tank, public peace) in any malicious act.
apparatus and pipes. c. Total or partial cessation of work or the
10. Missile testing operations. retardation or interruption or cessation
11. Leakage from automatic sprinkler of any process or operations or
installations omissions of any kind
12. Bush Fire. 7. Damage by vehicle/animals belonging to or
owned by You & Your family.
8. Damages caused by :-
a.) Normal cracking, settlement or bedding
of structures.
b.) Settlement or movement of made up
ground.
c.) Coastal or river erosion.
d.) Defective design or workmanship or use
of defective material
e.) Demolition, construction, structural
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alteration or repair of any property or

ground work or excavation.
9. Damages caused to the insured property by
pollution or contamination
10. Expenses necessarily incurred on Architect,
Surveyor and Consulting Engineer’s fees
and Debris Removal following Damage to
property insured by an insured peril in
excess of 3% and 1% of the claim amount
respectively.
11. Damage caused by
a. repairs or alteration to Your Office.
b. repairs, removal or extension of the
sprinkler installation.
c. defects in construction known to You.
12. Loss, destruction or damage to the stocks in

cold storage unit caused by change of
temperature.
13. Valuables and cash in safe, unless
specifically covered in the Schedule
14. Loss, destruction damage to any electrical
machine, apparatus fixture or fittings arising
from or occasioned by overrunning
excessive pressure short circuiting, arcing,
self heating or leakage of electricity from
whatever cause (lightning included)
provided that this exclusion shall apply only
to the particular electrical machine,
apparatus, fixture or fittings which may be
destroyed or damaged by fire so set up.
15. Livestock or pets
16. Valuables as defined under the policy
17. Loss or damage to property insured if
removed to any building or place other than
in which it is herein stated, except
machinery and equipments temporarily
removed for repairs, cleaning, renovation or
other similar purposes for a period not
exceeding 60 days.
18. (i)5% of claims amount for Act of God
Perils (Lightning, Storm, Tempest, Flood,
Inundation and the like, subsidence,
landslide, rockslide, earthquake) subject to
a minimum of Rs.10,000/- .
(ii) First Rs 10,000/-for each and every loss
arising out of other perils.
Add on covers under section 1:

Following add on covers are available on payment of additional premium.
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(a) Earthquake
Damage to property insured including by fire occasioned by or in consequence of earthquake
including flood or overflow of the sea, lakes, reservoirs and rivers and/or landslide/rockslide
resulting therefrom.
(b) Terrorism
Terrorism means an act ,including but not limited to ,the use of force or violence and/or the threat
thereof ,of any person or group(s) of persons, whether acting alone or on behalf of or in
connection with any organization(s) or government(s) committed for political, religious, ideological
or similar purpose ,including the intention to influence any government and/or to put the public or
any section of the public in fear.
(c) Loss of Rent

Cover the loss of rent suffered by the insured when the building(s) or any part thereof covered
under this policy is unfit for occupation in consequence of its destruction or damage by the perils
insured against and then the amount payable shall not exceed such portion of the sum insured on
Rent as the period necessary for reinstatement bears to the term of the Rent Insured.
(d) Additional Expenses of Rent for an Alternative Accommodation

Indemnify the insured against the additional rent (as explained herein) which the insured is called
upon to bear for the period beginning from the date of operation of any of the Insured Perils until
the ‘PREMISES’ is rendered fit for occupation such period not exceeding such reasonable time
as is required to restore the premises with due diligence to a condition fit for occupation or the
maximum indemnity period.
CONDITIONS APPLICABLE TO SECTION - 1:

If the property hereby insured shall at the breaking out of any fire or at the commencement of
destruction of or damage by any of the insured perils be collectively of greater value than the sum
insured thereon, then you shall be considered as your own insurer for the difference and shall
bear a rate able proportion of the loss accordingly. Provided, however, that if the sum insured
hereby on the property insured shall at the event of such fire or at the commencement of such
destruction or damage be not less than 85% of the collective value of the property insured, this
condition shall be of no purpose and effect.
The period of Indemnity may be limited to the period during which the original premises remain
untenantable as a result of occurrence of perils insured against. Indemnity period may be
selected by the Insured subject to maximum of 3 (three) years.
If the area of alternative accommodation taken by the insured is more than the area of the
PREMISES occupied by the insured, the additional rent borne by the insured for the purpose of
this insurance shall be deemed to be that proportion of the additional rent actually borne by the
insured as the area of the PREMISES which was in the insured’s occupation bears to the area of
the alternative accommodation taken by the insured. The insured shall be at liberty to take
alternative accommodation in any locality so long as it is within the Municipal limit of the city or
town in which the PREMISES is situated.
All insurances under this policy shall cease on expiry of seven days from the date of fall or
displacement of any building or part thereof or of the whole or any part of any range of buildings
or of any structure of which such buildings forms part. Provided such a fall or displacement is not
caused by insured perils, loss or damage which is covered by this policy or would be
covered if such building, range of buildings or structure were insured under this policy.
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Notwithstanding the above, the company subject to an express notice being given as soon
as possible but not later than seven days of any such fall or displacement may agree to
continue the insurance subject to revised rates, terms and conditions as may be decided by it
and confirmed in writing to this affect.
Under any of the following circumstances the insurance ceases to attach as regards the property
affected unless the Insured, before the occurrence of any loss or damage, obtains the sanction of
the Company signified by endorsement upon the policy by or on behalf of the Company :-
a) If the nature of the occupation of or other circumstances affecting the building insured or
containing the insured property be changed in such a way as to increase the risk of loss
or damage by Insured Perils.
b) If the building insured or containing the insured property becomes unoccupied and so
remains for a period of more than 30 days.
c) If the interest in the property passes from the insured otherwise than by will or operation
of law.
SECTION 2
Burglary & Robbery
Definitions:
1. Burglary: Burglary means the unforeseen and unauthorized entry to or exit from the
insured premises by aggressive means with the intent to steal the contents there from.
2. Robbery: Robbery means the theft of Contents at the insured premises using
unforeseen, aggressive and violent means against Insured’s Employees
3. Contents: Content means the items specified in the Schedule
4. Safe: Safe means a strong cabinet within the premises designed for the safe and secure
storage of valuable items and access to which is restricted
5. Strong Room: Strong Room means a room within the premises designed for the secure
storage of money and access to which is restricted.

Loss or Damages directly caused to · Loss or damage from any yard, garden
· ‘Contents’ or any part thereof whilst outbuilding (including sheds or garages not
kept in the insured premises attached to the building) or any other
· Damage to Insured premises property outside the confines of the
(including reasonable costs for premises unless specified in the Schedule
damaged locks at the entry and/or · Valuables and cash in safe, unless
exit points) specifically covered in the Schedule
· Loss of money contained in Safe or · Loss or damage of motor vehicles, trailers
Strong Room unless shown in the schedule
· Loss of money from the cashier’s till · Loss or damage in which you, your
and/or counter employees or any other person lawfully on
Caused by actual or attempted burglary or about your premises is or is alleged to be
and/or robbery during the policy period. in any way concerned or implicated
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However Our liability for any one loss shall be · Loss or damage resulting from an act of
limited to money equivalent to maximum one Riot, Strike, Malicious Damage and
day’s collection only or the sums mentioned in Terrorism
the schedule whichever is less. · Damage to glass and sign boards
· Live stock
· Loss or damage to contents or stock when
the premises are left unoccupied for more
than 30 consecutive days unless the same
has been reported to us in writing and our
written approval obtained.
· Contents from the safe following the use of
a key to gain access to the safe, or any
duplicate thereof belonging to you unless
such key has been obtained by aggressive
or violent means.
· Any consequential loss or legal liability
· First Rs 1000/- under each and every claim
Add-On Cover under this Section-2

Following add on cover is available on payment of additional premium.
Theft:
We will pay for theft of any contents/stocks from the insured premises where there is no forcible
and violent entry or exist from the premises up to the full limit of liability.
Riot, Strike and Malicious Damage:

We will pay for losses from the insured premises due to Riot, Strike and Malicious Damage.
SECTION 3
FIRE LOSS OF PROFIT
DEFINITIONS APPLICABLE TO THIS SECTION
Indemnity Period The period beginning with the occurrence of the Damage and
ending not later than 12 months thereafter during which the
result of the business shall be affected in consequence of the
Damage.
Revenue The money paid or payable to you for goods sold and delivered
and for services rendered in course of the business at the
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Premises less the relative amounts in respect of the purchase of

goods
Standard Revenue The Revenue during the period in the twelve months immediately
before the date of the damage which corresponds with the
Indemnity period. To which such adjustments shall be made as
may be necessary to provide for the trend of the business and
for variations in or special circumstances affecting the business
either before or after the damage or which would have affected
the business had the damage nor occurred so that the figures
thus adjusted shall represent as nearly as may be reasonably
practicable the results which but for the damage would have
been obtained during the relative period after the damage.
Annual Revenue The Revenue during the period in the twelve months immediately
before the date of the damage which corresponds with the
Indemnity Period
Limit of Liability Our maximum liability under this Section in respect of each item
as stated in the Schedule for any one Period of Insurance.

If Your Business is interrupted because of a Loss arising out of, caused by, occasioned by,
loss or damage to the Premises by any of attributable to or howsoever connected to:
insured perils under Section1 for which valid
claim is payable under this Policy, We will pay 1 any period of Interruption not solely
for the loss resulting from the interruption in attributable to an insured event under
respect of the following items in accordance Section1;
with the Basis of Settlement and the Limit of
Liability. 2 the loss or absence of any securities,
(a) Loss of Revenue obligations or documents of any kind,
(b) Increase in cost of working stamps, coins or paper-money,
cheques, books of Account or other
BASIS OF SETTLEMENT business books, computer systems or
records;
The amount payable as indemnity shall be,
3 the loss or absence of any
(a) In respect of loss of Revenue: the amount manuscripts, plans, drawings, designs,
by which the Revenue during the Indemnity patterns, models, or moulds;
Period shall, in consequence of the
damage, fall short of the Standard 4 the action or inaction of any public
Revenue. authority;
(b) In respect of Increase in cost of working: 5 lack of funds on any account

the additional expenditure necessarily and whatsoever;
reasonably incurred for the sole purpose of
avoiding or diminishing the loss in Revenue 6 a change to the Business or the
which but for the expenditure would have Insured Premises after the effective
taken place during the Indemnity Period in date of this endorsement whereby the
consequence, but not exceeding the risk has been increased, unless the we
amount of the reduction in Revenue have expressly acknowledges such
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thereby avoided. change and confirmed in writing that

the cover provided by us remains in
Less any sum saved during the Indemnity force.
Period in respect of such of the working
expenses and standing charges of the 7 loss or damage arising directly or
business as may cease or be reduced in indirectly from or in consequence of
consequence of the damage. chemical or biological emission,
release, discharge, dispersal or escape
Provided that if the Limit of Liability by this item or chemical or biological exposure of
be less than the Annual Revenue, the amount any kind;
payable shall be proportionately reduced. 8 loss or damage by electronic means
including but not limited to computer
hacking or the introduction of any form
of computer virus or corrupting or
unauthorized instructions or code or
the use of any electromagnetic
weapon. This exclusion shall not
operate to exclude losses (which would
otherwise be covered under this Policy)
arising from the use of any computer,
computer system or computer software
programme or any other electronic
system in the launch and/or guidance
system and/or firing mechanism of any
weapon or missile;
9 loss or damage caused by factors
including but not limited to cessation,
fluctuation or variation in, or
insufficiency of, water, gas or electricity
supplies and telecommunications or
any type of service;
10 loss or damage caused by or arising
out of burglary, house-breaking,
looting, theft, larceny or any such
attempt or any omission of any kind of
any person (whether or not such act is
committed in the course of a
disturbance of public peace) in any
action taken in respect of any action
taken in respect of an act of terrorism;
11 loss or damage caused by mysterious
disappearance or unexplained loss;
SPECIAL CONDITIONS:
1. If during the Indemnity Period goods shall be sold or services shall be rendered elsewhere
than at the Premises for the benefit of the business either by You or by others on Your behalf
the money paid or payable in respect of such sales or services shall be brought into account
in arriving at the Revenue during the Indemnity Period.
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2. If You declare at the latest 12 months after the expiry of any Period of Insurance, that the
Revenue earned during the accounting period of 12 months most nearly concurrent with any
Period of Insurance, as certified by Your Auditors, was less than the Limit of Liability thereon,
a pro-rata return of premium not exceeding 50% of the premium paid on such Insured for
such Period of Insurance shall be made in respect of the difference. Where, however, the
declaration is not received by Us within12 months after the expiry of the period of Insurance,
no refund shall be admissible. If any damage has occurred giving rise to a claim under this
policy such return shall be made in respect only of said difference, as is not due to such
damage.
3. Average: If the actual value of Saleable Items as at the date of the insured event under
Section 1 exceeds the Sum Insured specified in the Schedule, then the Insured shall be
considered as being his own insurer for the difference and shall bear a rateable proportion of
the loss accordingly.
GENERAL CONDITIONS APPLICABLE TO SECTION 3
The cover afforded shall cease if:
a. the Business is wound up or carried on by a liquidator or receiver or permanently

discontinued;
b. Your interest in the Business ceases otherwise than by death;
c. Notification of Claims
It is a condition precedent to our liability that, upon the happening of any event giving rise to
or likely to give rise to a claim under this endorsement, you shall:
immediately and in any event within 7 days give written notice of the same to us at the
address shown in the Schedule for this purpose, and in case of notification of an event likely
to give rise to a claim to specify the grounds for such belief, and with due diligence do and
concur in doing and permit to be done all things which may be reasonably practicable to
minimise or check any interruption of or interference with the Business or to avoid or diminish
the loss, and not later than 30 days after the expiry of the Indemnity Period, at your own
expense, deliver to us a written statement setting forth full particulars of your claim, and at
your expenses produce or procure and give to us such documents, proofs, information,
explanations and other evidence as we may reasonably require for the purpose of
investigating or verifying the claim together with a declaration on oath or in other legal form of
the truth of the claim and of any matters connected therewith.
SECTION 4
MONEY
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1.Loss of money whilst carried by you or your 1. Loss of money carried by any person other
employees, caused during the Policy period by than You or Your employees
robbery, theft or any other fortuitous event. 2. Loss of money due to pick pocketing,
2.Loss of money caused during the Policy Period mysterious disappearance or unexplained
by Burglary, Housebreaking ,Robbery or Hold-Up shortage.
whilst in premises during business hours or in 3. Loss of Money unless FIR is lodged within 12
Safe(s),Strong Room(s) at business premises Hrs of occurrence of loss and Police Report
outside business hours. obtained.
4. Consequential loss of any nature
5. Money carried out under contract of
affreightment.
6. Loss of money where you or your employee is
alleged to be involved as a principal or
accessory or is alleged to be in anyway
concerned or implicated
7. Loss of or damage to any property which is
not insured, whether belonging to you or your
employee or any third party
8. Any personal or bodily injury or mental injury
or suffering of any description
SECTION 5
Plate Glass and Neon Signs/Glow Signs
Definitions:
Plate Glass: Plate Glass means completely and securely fixed flat glass within the Insured’s premises
(including plate glass of display/show windows of the premises ) and described in the schedule excluding its
glazing and/or lettering and/or ornamentation and/or any surface treatment or surfacing unless specifically
described and declared for insurance.
Frames and framework: Mean a structure the immediate purpose of which is the enclosure or support of
plate glass.
Accidental: Means a circumstance i.e. sudden ,unexpected and unintentional damage not excluded under
the poli
1. Any accidental loss or damage to Plate 1. 5% of the claim amount subject to
Glass/Neon Signs/Glow Signs except for those minimum of Rs 2000/-
specifically excluded. 2. Breakage or damage during removal,
2.Damage to frame and framework of any alteration and repairs carried out at your
description following breakage of Glass and/or premises
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Neon Boards/glow signs subject to a maximum 3. Scratching other than the fracture
of Rs 5000/-. extending through the entire thickness of
3. Following breakage of Glass, the cost of Plate Glass
tinting, lettering, painting, embossing, silvering 4. Damage or breakage to Plate Glass or
or any other ornamental work on the Neon Signs, Glow Signs which are not
replacement Glass, provided that such costs securely fixed.
have been included in the Sum Insured of the 5. Any loss or damage caused willfully by you
Glass under this Section. or your employees, or any loss or damage
in which you or any person acting on your
behalf is or is alleged to be involved or
implicated.
6. Any loss or damage for which the
manufactures or supplier is responsible.
7. Any costs incurred in connection with the
elimination of functional failures unless
such failures were caused by an
indemnifiable event
8. Loss or damage caused by sun, rain, hail
or climatic or atmospheric conditions.
9. Fusing or burning out of bulbs and/or tubes
howsoever caused
10. Radioactive contamination:Any loss
,damage or legal liability directly or
indirectly caused by :
(a) Ionising radiation or radioactive
contamination from nuclear
fuel or nuclear waste arising
from burning nuclear fuel;or
(b) The radioactive
,poisonous,explosive or other
dangerous properties of any
nuclear equipment or nuclear
part of that equipment.
11. War Risks: Any consequence whatsoever
resulting directly or indirectly from or in
connection with any of the following
regardless of any other contributing cause
or event.
War, invasion ,act of foreign enemy
hostilities or a warlike operation or
operations (whether war be declared or
not) civil war rebellion revolution
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insurrection civil commotion assuming the

proportions of or amounting to an uprising
military or usurped power.
12.Sonic bags:Any loss ,damage or legal
liability directly or indirectly caused by pressure
waves caused by aircraft and other flying
objects travelling at or above the speed of
sound.
13. Gradually occurring losses: Loss or
damage by wear and tear, depreciation ,insects
,vermin’s ,moth, fungus, corrosion, rust,
atmospheric or climatic conditions ingress of
water, gradually operating cause, process or
cleaning, dyeing, repair, alteration or
restoration.
14. Accidental external means: Loss or
damage caused by arising out of accidental
external means except as specifically covered.
15. Public Authority: Loss ,destruction or
damage caused to the property insured by
burning by order of any Public Authority
Permanent or temporary dispossession
resulting from confiscation,commandeering
,requisition or destruction by order of the
Government or any lawfully constituted
Authority.
16. Riot & Strike
17. Earthquake Fire & Shock.
18. Terrorism
19. Loss, or damage consequent upon
interruption or delay of business or other loss,
damage or injury arising from breaking of glass
during replacement thereof.
SPECIAL PROVISIONS APPLICABLE TO SECTION – 5
1.Basis of Claims Settlement:
The basis of settlement shall be as under:
(a)Where a damaged item can be repaired or reinstated at a cost less than the replacement
cost then we will indemnify you in respect of expenses necessarily incurred to restore
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the affected item as nearly as practicable to its state immediately prior to the happening of
the insured event.
(b)In case of a total loss, we will pay you in respect of restoration or replacement costs. We
shall not be bound to reinstate or restore exactly or completely but only as permitted by the
circumstances and in a reasonably sufficient manner and to the state that existed immediately
prior to the happening of the insured event.
2.Reinstatement of Sum Insured
Upon happening of loss or damage and subsequent settlement of claim, Sum Insured shall stand
reduced by the amount of such loss paid by Us. Sum Insured shall be reinstated only upon You
paying Us the pro-rata premium for the unexpired period of insurance from the date of such loss
to the expiry date of the policy for the amount of such loss.
SECTION 6
Electronic Equipment Insurance
Definition:
Electronic Equipment:
Electronic Equipment means the items specified in the Schedule and which are contained or fixed
at or in the insured premises. This may include computer, fax machine, televisions sets or any
other electronic item including accessories and/or system software.

· Loss or damage to Electronic 1. The first 10% or Rs 2500/- (whichever is higher)
Equipment due to fortuitous events of each and every claim in respect of damage to
unless otherwise excluded electronic equipments and the first 5% or Rs
· Loss or damage to External Data 1000/- of any claim concerning External Data
Media and/or costs of restoring Media.
information and data stored therein. 2. Damage due to faults/defects existing at the
commencement of this insurance and known to
NB 1:This cover is applicable during the period You , whether such faults/defects were known
when after successful completion of their to Us or not and any willful act or negligence of
performance/acceptance test, such You or Your employees
equipments, parts, accessories are at work or 3. Damage due to continuous influence of
at rest or being dismantled for the purpose of operation (e.g. wear and tear, cavitation,
cleaning, overhauling or in course of aforesaid erosion, corrosion, incrustation) gradual
operation themselves or when being shifted deterioration and climatic condition other than
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within the premises or during re-erection. those described and covered as insured perils
in Section 1 (Fire and Allied Perils)
NB 2: We will not be liable for payment for the 4. Any cost incurred in connection with elimination
restoration of information and data stored in the of functional failures unless such failures were
External Data Media unless this can be caused by Damage covered under this Section
achieved from a back up system for the lost of the Policy.
data and information. 5. Damage for which the manufacturer or supplier
is responsible either by law or under contract or
any amount recoverable under the terms of
Maintenance Agreement.
6. Damage to rented or hired equipments for which
owner is responsible either by law or under
lease and/or Maintenance Agreement.
7. Cost of transporting the electronic equipment to
and from the place of repair.
8. Damage to consumable items (e.g. bulbs,
valves, tubes, ribbons, fuses, seals, belts, wires,
chains, exchangeable tools, objects made of
glass, porcelain or ceramics and operating
media as well as aesthetic defects like
scratches etc. unless such parts are affected by
an indemnifiable Damage to the insured Item
itself).
Damage to external antenna, dishes, masts and
fittings by theft.
9. Damage arising through fitting, adjustment,
repair or dismantling of any part of said
equipment/installation other than by an
authorised representative of an Electronic
Equipment manufacturer, dealer or that of a
reputed repairer.
10. Any cost required for alteration, improvement or
overhaul or for making drawings, patterns and
core boxes.
11. Loss or damage to electronic equipment older
than 10 years from the date of manufacture.
12. Loss or damage to mobile phones or other
similar communication devices
13. False programming, punching, labeling or
inserting or the inadvertent canceling of
information or data contained in External Data
Media.
SPECIAL PROVISIONS APPLICABLE TO SECTION – 6
1. Sum Insured
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The Sum Insured shall be equal to cost of replacement of Electronic Equipment as new of
same kind, type and capacity including freight, dues and custom duties and also cost of
dismantling and re-erection. The value of system software also must form part of the sum
insured.
2. Claim Settlement
The basis of claim settlement can be on either Repair basis or on a Total Loss basis. The
total loss basis is adopted if the cost of repair exceeds or equals the Market Value of the
Equipment immediately before the Damage.
In case of settlement on repair basis No deduction will be made for depreciation in respect of
parts replaced except those with limited life.
For Total Loss Basis settlement Market Value of item will be calculated by deducting proper
depreciation from the Replacement Value of item as new of same kind, type and capacity. If
the damaged items become obsolete, then all cost necessary to replace the damaged item
with a follow up model will be allowed.
The Sum Insured under the Policy if found to be less than the amount required to be insured
as described under “Sum Insured’ above, then We will pay only in such proportion as the
Sum Insured bears to the amount required to be insured. Each and every item shall be
subject to this condition separately.
SECTION 7
Breakdown of Business Equipments
Definition:
Business Equipments: Business Equipments means the electrical and/or mechanical

equipments specified in the Schedule which are contained in or fixed at the insured premises and
used solely in the course of the Business:

Loss or damage to Business Equipments due 1. The first Rs 500/- or 5% of Sum Insured
to unforeseen and sudden physical damage by whichever is higher for each loss or damage.
any cause not hereinafter excluded whilst in 2. Damage covered under Maintenance
the premises necessitating its immediate repair agreement or for which manufacturer or
or replacement. supplier is responsible
3. Damage resulting from overload experiment or
test requiring imposition of abnormal
conditions.
4. Damage due to deterioration of or wearing
away of any item caused by or as a result of
normal use or exposure, atmospheric or
climatic conditions, rust, corrosion, moth,
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vermin or insect.
5. Gradually developing flaws, defects, cracks or
partial fractures in any part not necessitating
immediate stoppage, although at some future
time repair or replacements of parts affected
may be necessary.
6. Damage due to faults/defects existing at the
commencement of this insurance and known to
You, whether such faults/defects were known
to Us or not and any willful act or negligence of
You or Your employees
7. Damage to consumables such as ropes, rubber
items, dies, moulds, blade, cutters, knives,
exchangeable tools, engraved or impression
cylinders or rolls, glass and porcelain items,
ceramics, operating media, belts or wires,
fabrics, anti-corrosive, non metallic linings
unless such parts are affected by an
indemnifiable Damage to the insured item itself
8. Cost of transport to the repair shop and back of
any Damaged item
9. Loss or damage to Business Equipments older
than 10 years from the date of manufacture
10. Loss or damage to any Business Equipment
by perils insurable under other Sections of this
Policy.
11. Loss or damages to mobile phones or other
similar communication devices.
12. Any costs incurred in connection with the
maintenance of Business Equipment including
parts replaced in the course of such
maintenance operations.
SPECIAL PROVISIONS
1. Sum Insured
It is a requirement of this insurance that the Sum Insured in respect of items specified in the
Schedule shall be equal to the cost of replacement of the insured property by new property of
the same kind and capacity, including freight, custom duties.
· Claim Settlement
The basis of claim settlement can be on either Repair basis or on a Total Loss basis. The
total loss basis is adopted if the cost of repair exceeds or equals the Market Value of the
Equipment immediately before the Damage.
In case of settlement on repair basis No deduction will be made for depreciation in respect of
parts replaced except those with limited life.
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In case of Total Loss, the claims will be settled on Market Value basis, which will be arrived at
by deducting proper depreciation from the Replacement Value of item as new of same kind,
type and capacity.
SECTION 8
Personal Accident
· Definitions:-
1. Bodily Injury: It means accidental physical bodily injury solely and directly caused
by external, violent visible cause.
2. Permanent Total Disablement: The bodily injury that totally, irrevocably and absolutely
prevents you from engaging in any kind of occupation.
3. Temporary Total Disablement: The bodily injury that prevents you from engaging in
your occupation for a period not exceeding 104 weeks since the date of injury to the time
you are fit enough to resume your occupation as certified by Medical Professional
4. Permanent Partial Disablement: The bodily injury that results in total, irrevocable,
absolute and continuous loss of or impairment of a body part or sensory organ specified
under the Table of Benefits.
5. Accidental Death: Accidental death means death resulting from Bodily Injury solely and
independently of any other cause(as mentioned under “What We exclude” below) except
illness directly resulting from, or medical or surgical treatment rendered necessary for
such injury, occasions the death of the insured person within 12 months from the date of
accident.
6. Adventurous Sports: Racing on wheels or horseback, big game hunting, Mountaineering,
winter sports, skiing, ballooning, hand gliding, river rafting, polo and sports of similar
hazard.
7. Hazardous Activities: Persons working in underground mines, explosives, workers
involved in Electrical installation with high-tension supply, Circus personnel,
persons,Stuntman in Film and persons engaged in occupations/activities of similar hazard.
8. Accident
An accident is a sudden, unforeseen and involuntary event caused by external and visible
means.
9. Capital Sum Insured: It means the monetary amounts shown against insured person(s)
which is the maximum limit of our liability against said insured person.
What WE COVER WHAT WE EXCLUDE

Accidental bodily injury directly resulting in the 1. Natural Death
death or disablement to insured person anywhere 2. Compensation under more than one of the
in the world as per Table of Benefits opted for by benefits mentioned in Table of Benefits in
the Insured. respect of same period of disablement.
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3. Any payment in case of more than one claim

Claim shall be settled in India in Indian Rupees. under this policy during any one period of
Insurance by which our liability in that period
The scope of coverage shall depend on the benefit would exceed CSI
selected by you and as described in the Schedule 4. Payment of compensation in respect of death
or injury as a consequence of/resulting from
A) Basic Cover—Death only a) Committing or attempting suicide,
B) Wider Cover--- Death + Permanent intentional self-injury.
Total Disablement + Permanent Partial b) Whilst under influence of intoxicating
Disablement liquor or drugs.
C) Comprehensive Cover --- Death + c) Drug addiction or alcoholism.
Permanent Total Disablement + d) Whilst engaged in any adventurous
Permanent Partial Disablement + sports and/or hazardous activities.
Temporary Total Disablement e) Committing any breach of law with
criminal intent.
We shall pay to the insured person or his/her f) War, Civil War, invasion, act of foreign
nominee, the compensation set forth in Table of enemies, revolution, insurrection, mutiny,
Benefits (as percentage of Capital Sum Insured) military or usurped power, seizure, capture,
arrest, restraint, or detainment, confiscation,
or nationalization or requisition by or under
the order of any government or public
authority.
g) Ionizing radiation or contamination by
radioactivity from any nuclear fuel or from
any nuclear waste from the combustion of
nuclear fuel. For the purpose of this
exclusion, combustion shall include any self -
sustaining process of nuclear fission.
h) The radioactive, toxic, explosive or the
hazardous properties of any nuclear
assembly or nuclear component.
5. Consequential loss of any kind and/or any
legal liability
6. Pregnancy including child birth, miscarriage,
abortion or complication arising there from.
7. Participation in any naval, military or air force
operations.
8. Curative treatments or interventions
9. Venereal or sexually transmitted diseases.
10. HIV and or related illness.
TABLE OF BENEFITS PERCENTAGE OF CAPITAL SUM INSURED

1. Accidental Death 100
2. Permanent Total Disability:
a) Loss of sight (both eyes) 100
b) Loss of two limbs 100
c) Loss of one limb and one eye 100
d) Permanent Total and absolute disablement
as certified by Medical Practitioner. 100
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3. Permanent Partial Disability

a) Loss of sight of one eye 50
b) Loss of one limb 50
. c) Loss of toes-all 20
d) Great-both phalanges 5
e) Great-one phalanx 2
f) Other than great, if more than one toe lost each 1
g) Loss of hearing – both ears 50
h) Loss of hearing – one ear 15
i) Loss of Speech 50
j) Loss of four fingers and thumb of one hand 40
k) Loss of four fingers 35
f) Loss of thumb-both phalanges 25
g) Loss of thumb-one phalanx 10
h) Loss of index finger
i)Three phalanges 10
ii)Two phalanges 8
iii)One phalanx 4
i) Loss of middle finger

i) Three phalanges 6
ii) Two phalanges 4
iii) One phalanx 2
j) Loss of ring finger

i)Three phalanges 5
ii)Two phalanges 4
iii)One phalanx 2
k) Loss of little finger

i)Three phalanges 4
ii)Two phalanges 3
iii)One phalanx 2
l) Loss of Metacarpals
i) First or second (additional) 3
ii)Third, fourth or fifth (additional) 2
m) Any other permanent partial disablement % as assessed by Medical

practitioner appointed by us
4. Temporary Total disablement benefit at the 1% of C.S.I or Rs 5000/- per week whichever is
rate per week lower for 104 weeks max.
· Claim Settlement:
1. The compensation benefits will depend upon the nature of injury and the Capital
Sum Insured under the Policy.
2. For accidents resulting in Death or Permanent Total disablement, we will provide
compensation equivalent to the full Capital Sum Insured.
3. For Permanent Partial Disablement the compensation will depend on the nature of
injury and corresponding percentage of Capital Sum Insured as detailed in the ‘Table
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of Benefit’ under the Policy document or as per the medical advices of our appointed
Medical Practitioner.
4. In respect of Temporary Total Disablement, we will provide compensation at 1% of
Capital Sum Insured or Rs 5000/- whichever is less per week for a maximum period
of 104 weeks.
SECTION 9
FIDELITY GUARANTEE
Definition:
Employee:
Employee means the category of persons named in the Schedule and/or persons who have
entered into a contract of service with you, whether such contract of service is expressed or
implied, verbal or written, but shall not include persons whose employment is of a casual nature
and/or who are employed other than for the purpose of the Business.
What we cover What we exclude
Direct pecuniary loss sustained by you in 1. Any act of employee dishonesty committed by a
consequence of any deliberate fraudulent or person whom you knew to be dishonest
dishonest act of an Employee if 2. Any loss resulting directly or indirectly from
· You are able to identify which employee is trading in securities : whether in your name or in
responsible a genuine or fictitious account
· The employee’s dishonesty happens 3. Losses reported after 90 days from the date of
during the period of insurance cancellation or expiry of the policy period
· The loss is reported to the police 4. Consequential loss of any kind
immediately upon discovery 5. Legal liability of any kind
6. Any expenses incurred by you in establishing the
NB: Any monies which, but for the existence of or quantification of any fact or loss
dishonest or fraudulent conduct of the giving rise to a claim under this policy
Employee concerned, would have been 7. Any loss sustained before the retroactive date or
payable to such Employee by the Insured more than 2 years before the date of first
and any monies of such Employee with the discovery, whichever may be later
Insured (or which may come into the
custody, care or control of the Insured)
shall be applied by the Insured, to the
extent it is legally entitled to do so, against
the amount payable by us in diminution or
extinction of any loss control) shall be
applied by you against the amount payable
by us in diminution or extinction of any
loss..
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SPECIAL CONDITION APPLICABLE TO SECTION 9:

We will not be liable for and no indemnity will be provided by us in respect of any loss arising in
circumstances where:
· You carry on any business other than the Business stated in the proposal
· The duties or terms of service Employees differ from those described in the proposal
· The precautions and checks for ensuring the accuracy of your accounts are not the same
as described in your proposal
SECTION - 10
Public Liability
Definitions:
1. Damages:
Damages means monetary sum payable by you pursuant to judgments or awards and/or
settlements negotiated by or on behalf of you, but shall not include fines, penalties, punitive
damages or any other amount for which you are legally liable.
2. Defense Costs:
Defense Costs means the expenses incurred by you or on your behalf in the investigation or
settlement or defense of a claim and shall include legal costs and disbursements.
3. Limit of liability:
Limit of Liability means the amount stated in the schedule which shall be our maximum
liability under this section (inclusive of Damages and/or Defence Costs, and regardless of the
number of claimants or the total number or amount of Claims made against you) for any one
Claim and in the aggregate for all Claims made during the Policy Period.

Damages including the Defence costs incurred 1. Any liability arising out of a contractual
by you against obligation.
(a) Third Part Property Damage 2. Any accident arising out of wilful or
(b) Third Party injury/death intentional non-compliance of any statutory
Caused in the course of the Business by an regulations.
accident in your business premises if notified 3. Any bodily injury of any person under a
during the policy period. contract of employment with you, your
contractors or sub-contractors arising out
of and in the course of employment
4. Consequential loss of any kind
5. Libel, slander, false arrest, wrongful
eviction, wrongful detention, defamation
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including mental injury, shock resulting

there from.
6. Liability arising out of Vehicles covered
under Indian Motor Vehicle Act.
7. Damage to property belonging to third
parties that is rented, leased or under hire
–purchase agreement or on loan to you
8. Damage to property belonging to third
party handled by you by way of your trade
or worked upon by or in your care, custody
or control.
9. Pollution of any kind
10. Any Liability under the Public Liability
Insurance Act which attaches liability on a
no fault basis
11. Product Liability
12. Any claim directly or indirectly connected to
earthquake, typhoon, cyclone, flood or
other convulsions of nature or atmospheric
disturbances.
13. All policies issued shall be subject to a
compulsory excess of 1/4 % of the Limit
of Indemnity per any one accident, subject
to a maximum of Rs 100,000/- and a
minimum of Rs 10,000/-.
SPECIAL PROVISION APPLICABLE TO SECTION 10:
You shall not admit liability for or settle or compromise or make or promise any payment in
respect of any claim which may be the subject of an indemnity under the policy or incur any costs
or expenses in connection therewith without the prior written consent from us.
We shall be entitled (but in no case obliged) to take over and conduct the investigation, defense
and /or settlement of any claim. For this purpose you shall give all the information,
documentation, records and other assistance to our representatives. Having taken over the
defense of any claim, we may in our sole and absolute discretion relinquish the same.
GENERAL CONDITIONS
(APPLICABLE TO ALL SECTIONS OF THE POLICY EXCEPT TO THE EXTENT

SPECIFICALLY VARIED UNDER SUCH SECTIONS)
1. Notice:
Every notice and communication to us required by or in respect of this policy shall be in writing.
2. Reasonable care:
You must take all reasonable steps to protect the property insured, prevent damage or accidents
and maintain the property insured in a sound condition.
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3. Alteration of Risk:
The cover afforded under this policy shall be suspended and no payment shall be made
hereunder if:
(a) You carry on any business at the insured premises other than the business stated in the
proposal
(b) There is any material change in the facts and matters stated in the proposal
(c) The ownership of the building/stocks/contents passes from you to any other person or entity
otherwise than by the operation of the law of succession as applicable.
4. Mis-description:
This Policy shall be void and premium paid shall be forfeited in the event of mis-representation,
mis-description or non-disclosure of any materials facts by you or your representative.
5 A) Claims Procedure:
a) In the event of any circumstances likely to give rise to a claim you must:
Take steps to minimize the Damage and protect /safe guard damaged property from further loss
or damage.
(a) Intimate us as soon as reasonably possible, but in any event within 15 days of the date of
the incident.
However in respect of loss or damage under Section 2 (Burglary and Robbery) and Section 4
(Money), the loss must be reported within 24 hours of the happening of any insured event.
(b) Lodge complaint with the local police immediately in the event of Burglary, robbery, Riot.
Strike and Malicious Damage and Loss of money while in transit.
(c) Take all reasonable steps to recover any property which has been lost
(d) make no admission or offer payment or indemnify, without Our written consent
(e) Provide without expense to us, all proofs, certificates, evidence, assistance or information
which we may reasonably require
b) The documents normally required to be submitted in the event of a claim are :
a. Duly completed Claim form

b. Copy of First Information Report
c. Estimate of loss / repairs
d. Invoice/ Bills/Receipts
e. Fire Brigade Report in respect of fire claims.
f. Any other details/documents called for a specific loss
5 B) BASIS OF CLAIMS SETTLEMENT:
UNLESS OTHERWISE SPECIFICALLY STATED UNDER THE RESPECTIVE SECTION, THE BASIS OF SETTLEMENT
SHALL BE AS UNDER:
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Where a damaged item can be repaired or reinstated at a cost less than the replacement cost
then we will indemnify you in respect of expenses necessarily incurred to restore the affected
item as nearly as practicable to its state immediately prior to the happening of the insured event.
In case of a total loss, we will pay you in respect of restoration or replacement costs. We shall not
be bound to reinstate or restore exactly or completely but only as permitted by the circumstances
and in a reasonably sufficient manner and to the state that existed immediately prior to the
happening of the insured event.
If the value of the insured property shall at the time of any insured event be collectively of
greater value than the sum insured thereon then you shall be considered as your own insurer of
the difference and shall bear a rateable proportion of the loss or damage. Each item if more than
one shall be separately subject to this condition.
6. Cancellation
We may cancel this Policy by sending 15 days notice in writing by recorded delivery to You at
Your last known address. You will then be entitled to a pro-rata refund of premium for the un-
expired period of this Policy from the date of cancellation, which We are liable to pay on demand.
You may cancel this Policy by sending a written notice to Us. Retention premium for the period
we were on risk will be calculated based on following short period table and the balance(if any)
will be refunded to you subject to the condition that no claim has been preferred on us :
Upto 1 month 25% of annual premium
Above 1 month and upto 3 months 50% of annual premium
Above 3 months and upto 6 months 75% of annual premium
Above 6 months 100% of annual premium
7. FRAUD
If the claim be in any respect fraudulent, or if any false declaration be made or used in support
thereof or if any fraudulent means or devices are used by you or anyone acting on your behalf to
obtain any benefits under the policy or if loss or damage be occasioned by the willful act or with
your connivance, all benefits under this policy shall be forfeited.
8. Contribution:
If at the time of any loss or damage happening to any property hereby insured there be any other
subsisting insurance or insurances, whether effected by you or by any other person on your
behalf covering the same property We shall not be liable to pay or contribute more than its
rateable proportion of such loss .
9. Subrogation:
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You shall at our expense do or concur in doing or permit to be done all such acts and things that
may be necessary or reasonably required by us for the purpose of enforcing any rights and
remedies or obtaining relief or indemnify from the other parties to which we shall be or would
become entitled or subrogated upon our paying or making good any loss or damage under this
Policy whether such acts and things shall be or become necessary or required before or after we
indemnify your loss or damage
10. Arbitration
Should any dispute arise between Us and You on the quantum of amount payable, liability being
otherwise admitted by us, such dispute will be referred to Arbitration proceedings in accordance
with Arbitration and Conciliation Act of 1996 as amended from time to time. Further the making of
an award by Arbitrator(s) shall be a condition precedent to any right of action or suit by You
against Us.
11. Disclaimer Clause
If We shall disclaim Our liability in any claim, and such claim shall not have been made the
subject matter of a suit in a court of law within 12 months from the date of disclaimer, then the
claim shall for all purposes be deemed to have been abandoned and shall not thereafter be
recoverable under this Policy.
12. Geographical Limits:

The Geographical Limit of this Policy and jurisdiction shall be India. All claims under this policy
shall be settled in Indian Rupees only.
13. Renewal:
We agree to renew the policy on payment of renewal premium. However we may exercise our
option not to renew the policy on grounds of fraud, misrepresentation, or suppression of any
material fact either at the time of taking the policy or any time during the currency of the earlier
policies or bad moral hazard.
14. Withdrawl of Policy:
We reserve our right to withdraw this policy at any time in future with appropriate approval from
IRDA and with an intimation of 3 months to all the existing insured members.
GENERAL EXCLUSIONS
(APPLICABLE TO ALL SECTIONS)
1) Radioactive contamination:
Any loss, damage or legal liability directly or indirectly caused by:
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(a) Ionising radiation or radioactive contamination from nuclear fuel or nuclear waste arising from
burning nuclear fuel; or
(b) The radioactive, poisonous, explosive or other dangerous properties of any nuclear equipment
or nuclear part of that equipment.
2) War Risks:
Any consequence whatsoever resulting directly or indirectly from or in connection with any of the
following regardless of any other contributing cause or event.
War, invasion, act of foreign enemy hostilities or a warlike operation or operations (whether war
be declared or not) civil war rebellion revolution insurrection civil commotion assuming the
proportions of or amounting to an uprising military or usurped power.
3) Sonic bangs:
Any loss, damage or legal liability directly or indirectly caused by pressure waves caused by
aircraft and other flying objects traveling at or above the speed of sound.
4) Pollution and/or Contamination:
Loss, destruction or damage caused to the insured property by pollution or contamination

excluding
· Pollution or contamination which itself results from a peril hereby insured against
· Any peril hereby insured against which itself results from pollution or contamination
5) Gradually occurring losses:
Loss or damage by wear and tear, depreciation, insects, vermins, moth, fungus, corrosion, rust,
atmospheric or climatic conditions ingress of water, gradually operating cause, process or
cleaning, dyeing, repair, alteration or restoration.
6) Wilful Act:
Loss or damage caused by or arising out of wilful act of the insured or any person acting on
his/her behalf including circumstance, fact or matter you are or ought to be reasonably aware
prior to the commencement of this contract.
7) Accidental External means:

Loss or damage caused by arising out of accidental external means Except as specifically
covered under under respective sections.
8) Consequential Losses
Loss by delay, loss of market, loss of goodwill and / or any other consequential or indirect loss
or damage not covered under Section III.
9) Public Authority
· Loss , destruction or damage caused to the property insured by burning by order of any
Public Authority
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· Permanent or temporary dispossession resulting from confiscation, commandeering ,

requisition or destruction by order of the Government or any lawfully constituted
Authority.
10) Liability;
a) Liability more specifically insured elsewhere
b) Liability arising out of Asbestosis or any matter related to or arising out of the sale,
manufacture, production, distribution or the like of asbestos.
11) Terrorism Damage Exclusion Warranty:

Notwithstanding any provision to the contrary within this insurance it is agreed that this
insurance excludes loss, damage cost or expense of whatsoever nature directly or
indirectly caused by, resulting from or in connection with any act of terrorism regardless
of any other cause or event contributing concurrently or in any other sequence to the
loss.
For the purpose of this endorsement an act of terrorism means an act, including but not
limited to the use of force or violence and / or the threat thereof, of any person or
group(s) of persons whether acting alone or on behalf of or in connection with any
organization (s) or government(s), committed for political, religious, ideological or
similar purpose including the intention to influence any government and/or to put the
public, or any section of the public in fear.
The warranty also excludes loss, damage, cost or expenses of whatsoever nature
directly or indirectly caused by, resulting from or in connection with any action taken in
controlling, preventing, suppressing or in any way relating to action taken in respect of
any act of terrorism.
If the Company alleges that by reason of this exclusion, any loss, damage, cost or
expenses is not covered by this insurance the burden of proving the contrary shall be
upon the insured.
In the event any portion of this endorsement is found to be invalid or unenforceable, the
remainder shall remain in full force and effect.
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Magma HDI General Insurance Company Limited

Regd. Office : 24 Park Street, Kolkata – 700 016

OFFICE PACKAGE INSURANCE POLICY

Section 1-Fire & Allied Perils

Section 2—Burglary & Robbery

Section 3—Fire Loss of Profit

Section 4-Money Insurance

Section 5- Plate Glass and Neon Signs/Glow Signs

Section 6-Electronic Equipment

Section 7- Breakdown of Business Equipment

( Exclusion (What we exclude)

Section 8 -Personal Accident

Section 9- Fidelity Guarantee

Section 10- Public Liability

OFFICE PACKAGE POLICY

1. You/Your : The person (s) named as Insured in the Schedule

2. We/Us/Our : Magma HDI General Insurance Company Limited

11. Market Value:

12. Reinstatement Value:

WHAT WE COVER WHAT WE EXCLUDE

Loss or Damages directly caused to Building 1 Damage caused by pressure waves.

alteration or repair of any property or

12. Loss, destruction or damage to the stocks in

Add on covers under section 1:

(c) Loss of Rent

(d) Additional Expenses of Rent for an Alternative Accommodation

CONDITIONS APPLICABLE TO SECTION - 1:

WHAT WE COVER WHAT WE EXCLUDE

Add-On Cover under this Section-2

Riot, Strike and Malicious Damage:

DEFINITIONS APPLICABLE TO THIS SECTION

Premises less the relative amounts in respect of the purchase of

WHAT WE COVER WHAT WE EXCLUDE

(b) In respect of Increase in cost of working: 5 lack of funds on any account

thereby avoided. change and confirmed in writing that

GENERAL CONDITIONS APPLICABLE TO SECTION 3

The cover afforded shall cease if:

a. the Business is wound up or carried on by a liquidator or receiver or permanently

b. Your interest in the Business ceases otherwise than by death;

WHAT WE COVER WHAT WE EXCLUDE

insurrection civil commotion assuming the

SPECIAL PROVISIONS APPLICABLE TO SECTION – 5

1.Basis of Claims Settlement:

The basis of settlement shall be as under:

2.Reinstatement of Sum Insured

WHAT WE COVER WHAT WE EXCLUDE

SPECIAL PROVISIONS APPLICABLE TO SECTION – 6

Business Equipments: Business Equipments means the electrical and/or mechanical

WHAT WE COVER WHAT WE EXCLUDE

What WE COVER WHAT WE EXCLUDE

3. Any payment in case of more than one claim

TABLE OF BENEFITS PERCENTAGE OF CAPITAL SUM INSURED

3. Permanent Partial Disability

i) Loss of middle finger

j) Loss of ring finger

k) Loss of little finger

m) Any other permanent partial disablement % as assessed by Medical

What we cover What we exclude

SPECIAL CONDITION APPLICABLE TO SECTION 9:

WHAT WE COVER WHAT WE EXCLUDE

including mental injury, shock resulting

SPECIAL PROVISION APPLICABLE TO SECTION 10: